A one-month bill for 100000 is issued at a discount of 1000
A one-month bill for $100,000 is issued at a discount of $1000. What is:
a) the rate of discount?
b) the equivalent yield?
c) the price at which the bill will trade with two weeks remaining to maturity (market interest rates unchanged)?
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a one-month bill for 100000 is issued at a discount of 1000 what isa the rate of discountb the equivalent yieldc the
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